Having tracked the market closely over the last few months, for the first time in years prices are reducing with genuine reductions both privately and in the trade.

Top end cars are being reduced by 3-4 k in one go in some instances, and dealers who stubbornly refuse to reduce prices have stock sitting for months, with the likes of Hexagon more like years!. Private buyers still over-estimate their cars values and are struggling to sell.

The only dealer I see immune to this is 911v who seem able to shift stock pretty much whatever?

There are a few bargains cropping up now, but I still feel with Brexit and winter approaching there is further to fall, and the market could crash altogether, the 991 is looking increasingly like a bargain with prices levelling between high spec 997 and lower spec 991, but with the 991 more falling to go and not the time to buy yet.

All this is great news for buyers, bad news for owners and yuppy investors, but most enthusiasts will be happy over the long term. Or is all the above bo ll ocks???_________________"When the seagulls follow the trawler, it is because they think sardines will be thrown into the sea".

£9k _________________The trouble with the rat race is, even if you win, you are still a rat.

Marky911Kyalami

Joined: 04 Jun 2009Posts: 1857

Posted: Thu Nov 01, 2018 6:37 am Post subject:

It had to end at some point, despite the talker-uppers saying it wouldn't due to certain models not being made anymore, blah-blah.

Bring it on I say. I'm happy for my 996 to drop to £8k-£10k if £50k stuff drops to £30k.

There's been too many speculators posing as enthusiasts for the last 4-5 years.
Let's hope they latch on to something else like the boom in legal cannabis (bit late to be fair) and leave us petrolheads with our cars again.

Will be interesting to watch things unfold over the next year or two.

Just to add a bit of balance, it's now winter, the gritters are out up here, so the last thing on most people's mind is a classic, summer use car.

The bubble is deflating though.
Surely cars are done as investments now anyway with petrol and diesel car production now having a date over its head to end and autonomous cars getting nearer each day.

maldrenÖsterreich

Joined: 07 Oct 2016Posts: 923

Posted: Thu Nov 01, 2018 8:27 am Post subject:

Is some of this seasonal, sports cars do sell better in the Spring/Summer?_________________Mike
2003 996.2 C2 Coupe Arctic Silver

ZorroMonza

Joined: 05 Oct 2014Posts: 235Location: East Sussex

Posted: Thu Nov 01, 2018 9:12 am Post subject:

Marky911 wrote:

Just to add a bit of balance, it's now winter, the gritters are out up here, so the last thing on most people's mind is a classic, summer use car.

Does that mean my Cayenne has just gone up in value then.

T8General

Joined: 29 Jun 2010Posts: 14638Location: Kent

Posted: Thu Nov 01, 2018 9:18 am Post subject:

I wouldn't say that the market has crashed but it's definitely slowed right down. Some of that is seasonal but it's definitely more than that as it seems to have started in August.

It's particularly noticeable with regard to modern 911s as in recent years values have risen dramatically so any levelling or fall seems worse. All 996s and 997s are probably actually selling for what they were 3 years ago and even the 991 has depreciated far slower than previous generations.

It's people that have bought in the last 3 years that will be most affected by this so they're probably holding on to what they've got. Dealers have stock they need to shift so asking prices have fallen and they aren't making good offers for part-ex cars which further stalls the market.

911V seem to have kept their stock turning over as they offer good cars at a sensible price. It seems like their business model is based on selling more cars with lower margins per car. Their reputation and repeat customer base helps this, even though the 'cost to change' by buying from them is probably about the same as anywhere else._________________2007 Guards Red 997 Turbo Tiptronic
ex 2004 Polar Silver 996T Tiptronic
ex 2002 Seal Grey 996.2 C4 Tiptronic
ex 1978 Silver 924 Manual

I bought my car in May 2018 and I am still very happy with the price I paid. I plan to own my car for at least 3 years, so I am not too bothered if prices fall as I am not selling._________________997.2 Carrera PDK

It had to end at some point, despite the talker-uppers saying it wouldn't due to certain models not being made anymore, blah-blah.

Bring it on I say. I'm happy for my 996 to drop to £8k-£10k if £50k stuff drops to £30k.

There's been too many speculators posing as enthusiasts for the last 4-5 years.
Let's hope they latch on to something else like the boom in legal cannabis (bit late to be fair) and leave us petrolheads with our cars again.

Will be interesting to watch things unfold over the next year or two.

Just to add a bit of balance, it's now winter, the gritters are out up here, so the last thing on most people's mind is a classic, summer use car.

The bubble is deflating though.
Surely cars are done as investments now anyway with petrol and diesel car production now having a date over its head to end and autonomous cars getting nearer each day.

I think the bubble is deflating and will become a catastrophic crash over next few years. Used prices are still crazy. Hexagon have a 2000 mile 993 turbo in Arena price recently slashed from 189,995 to 169,995. Its still ridiculously over priced even today IMO but the difference between Hexagon and other dealers and 911V is that you will hardly ever see 911V lower prices let alone drop by £30,000!

911V charge a fair price and gain repeat business by providing decent customer service levels and straight cars.

By contrast Hexagon and many other dealers try and take their customers for everything they have. To be fair to Hexagon they have a different business model and generally do higher end cars.

spongebob squarepantsReims

Joined: 20 Dec 2009Posts: 4188Location: Manchester and Iraq

Posted: Thu Nov 01, 2018 10:27 am Post subject:

mikeluke wrote:

Could be worse...

Wonder what will happen to the values of JLR cars?

There must be some deals to be had out there at the moment

I'm surprised they can give them away _________________"When the seagulls follow the trawler, it is because they think sardines will be thrown into the sea".

It had to end at some point, despite the talker-uppers saying it wouldn't due to certain models not being made anymore, blah-blah.

Bring it on I say. I'm happy for my 996 to drop to £8k-£10k if £50k stuff drops to £30k.

There's been too many speculators posing as enthusiasts for the last 4-5 years.
Let's hope they latch on to something else like the boom in legal cannabis (bit late to be fair) and leave us petrolheads with our cars again.

Will be interesting to watch things unfold over the next year or two.

Just to add a bit of balance, it's now winter, the gritters are out up here, so the last thing on most people's mind is a classic, summer use car.

The bubble is deflating though.
Surely cars are done as investments now anyway with petrol and diesel car production now having a date over its head to end and autonomous cars getting nearer each day.

I think the bubble is deflating and will become a catastrophic crash over next few years. Used prices are still crazy. Hexagon have a 2000 mile 993 turbo in Arena price recently slashed from 189,995 to 169,995. Its still ridiculously over priced even today IMO but the difference between Hexagon and other dealers and 911V is that you will hardly ever see 911V lower prices let alone drop by £30,000!

911V charge a fair price and gain repeat business by providing decent customer service levels and straight cars.

By contrast Hexagon and many other dealers try and take their customers for everything they have. To be fair to Hexagon they have a different business model and generally do higher end cars.

Thing is they have had vehicles for sale literally years (the overpriced GTS's for example) Perhaps what were seeing initially is a levelling of prices, where the crazily overpriced stuff from the profiteering Arthur Daley's is coming back to reality (except for Hexy prices obviously )_________________"When the seagulls follow the trawler, it is because they think sardines will be thrown into the sea".

Prior to buying my Cayenne S ... I had a RRS MY 2009 it was actually a great car but the spectre of a couple of surprisingly expensive failures prompted me to consider a new RR

Tried the current RRS which was a decent enough motor but lacked some soul

The full fat version was much better but the engine was a bit gutless in V6 format ...and a bit more expensive than I wanted to pay at that time

I tried to get a deal on a demonstrator RRS autobiography but they wouldn’t budge on the full list price of a new car!!!

Ended up I gave them the golf tango foxtrot and although I think I would still really like the ful fat Range Rover I’ve probably gone past it now as I love the Cayenne
I must say that there isn’t much else there that I like ..._________________997 Gen 2 Turbo S Basalt Black -BBS CHR, Kline inconel exhaust, DSC V1 & Polished Bliss air freshener...
Cayenne S diesel 850 N/ m torque!!!! Jet black
SL 55 AMG Obsidian Black
Brompton S2L Black edition

As said before , the overinflated cars ae coming down also that includes the GTs and turbos that went mad for a while . but the run of the mill ave spec ave miles carreras are sitting flat but not dropping hugely. I know a guy who recently sold his gen1 997 for fair money, he had owned the car for 4 yrs and lost 4k thats an ave of 1k pa for owning and enjoying a 911 that in my book is a pretty good deal . I think only those in for a shock are guys who actually believe they are going to make a big wad of profit from owning a watercooled carrera model , If your the type thats thinking I wont lose as much as a bmw or merc for 911 ownership then your not going to go far wrong . _________________911 Owners,Some Invest In The Future,
Others Enjoy The Moment Today.

Had a sell/buy in September and saw some of this price correction - previously untouchable prices on 993, GT and Turbos were moving down, 997 GTS still seems to be holding out (unless its a cab), but regular cars are easing downward with more price sensitivity, especially mileage.

The SOR offer for my GT3 had floated down by nearly 10% since May, some of that is seasonal and the May offer was only a little less than the retail I'd paid the year before. I had a great summer in the car and sold privately in the end so that took the edge of it, probably down another 5% since.

991 prices in September were quite strong on the surface, but there was some relief in my price that was already nicely lower than OPC prices. No doubt they'll come down further, but cost to change will reflect that, only really matters if you want to liquidate for cash (that's what I've told myself anyway).

Certainly not a bad time to be sitting on cash and ready to make a move, by the time we're in deep winter could be a great time, so keep talking the market down _________________991.1 C2 PDK, 986 Boxster S
Past pleasures: 997.1 GT3, 997.2 C4S Cab, 993 C2, 997.1 C2S, 996.1 C4

FZPMagny-Cours

Joined: 18 Jan 2015Posts: 2589Location: Cheshire

Posted: Thu Nov 01, 2018 3:11 pm Post subject:

I agree with Phil's sentiment, in that we will see a compression of prices rather than a wholesale price drop. I don't see 996/997's getting much cheaper than they are currently. It's the halo models that will compress down a bit.
My eyes got opened up when a 997.2 GT3RS was selling at an OPC in the £130's 6 weeks ago or so.
I think when we see the first 991 GT3 in the £8X,000 that we will see a whole bunch of action in that market._________________997.2 Carrera 2S GT Silver/Cocoa.

spongebob squarepantsReims

Joined: 20 Dec 2009Posts: 4188Location: Manchester and Iraq

Posted: Thu Nov 01, 2018 3:29 pm Post subject:

FZP wrote:

I agree with Phil's sentiment, in that we will see a compression of prices rather than a wholesale price drop. I don't see 996/997's getting much cheaper than they are currently. It's the halo models that will compress down a bit.
My eyes got opened up when a 997.2 GT3RS was selling at an OPC in the £130's 6 weeks ago or so.
I think when we see the first 991 GT3 in the £8X,000 that we will see a whole bunch of action in that market.

Your all in denial......... #pricecrash _________________"When the seagulls follow the trawler, it is because they think sardines will be thrown into the sea".

So threads throughout the year on how 996 prices are hardening is just Scotch Mist?

Pretty sure that winter months see a downturn in prices every year tbh. I bought my 993 in late October 2016 and the Indie who sold it to me was happy to take a 3k reduction because “he didn’t want too much winter stock”_________________993 Targa manual
Alfa GTV Twinspark
Citroen Deux Chevaux
Alfa 159 Sportwagon
Porsche 968 Cab Tip
Lexus IS 200

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